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Consider the following statements about the Micro Small and Medium Enterprises (MSMEs):
- This sector is the largest employer of human resources in India.
- It generates more employment opportunities per unit of capital invested compared to large industries.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements about the Micro Small and Medium Ent...
- Small Scale Industries in India have a large share of contribution to the socio-economic and balanced regional development of the country. These industries in India account for 95% of the industrial units in the country.
- Statement 1 is not correct: Micro Small and Medium Enterprises (MSMEs) have the second-largest share in terms of human resource employability after the Agriculture sector. It supplies an enormous variety of mass consumption products which includes readymade garments, hosiery goods, stationery items, soaps and detergents, plastic and rubber goods, processed foods and vegetables, etc.
- Statement 2 is correct: MSMEs sector generates more employment opportunities per unit of capital invested compared to large-scale industries. That is why they are considered to be less capital intensive and more labour intensive. This is a boon for a labour surplus country like India.
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Consider the following statements about the Micro Small and Medium Ent...
MSMEs in India
• Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing significantly to the country's GDP and employment.
• The MSME sector is the largest employer of human resources in India, accounting for around 110 million jobs.
• It generates more employment opportunities per unit of capital invested compared to large industries, making it an essential part of the Indian economy.
Correct statement/s:
• Statement 1: This sector is the largest employer of human resources in India.
- This statement is correct. MSMEs employ a considerable number of people, making it the largest employer in India.
• Statement 2: It generates more employment opportunities per unit of capital invested compared to large industries.
- This statement is incorrect. MSMEs require more capital investment to generate employment opportunities compared to large industries. However, MSMEs still contribute significantly to employment generation and the growth of the Indian economy.
Therefore, the correct answer is option B.
• Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing significantly to the country's GDP and employment.
• The MSME sector is the largest employer of human resources in India, accounting for around 110 million jobs.
• It generates more employment opportunities per unit of capital invested compared to large industries, making it an essential part of the Indian economy.
Correct statement/s:
• Statement 1: This sector is the largest employer of human resources in India.
- This statement is correct. MSMEs employ a considerable number of people, making it the largest employer in India.
• Statement 2: It generates more employment opportunities per unit of capital invested compared to large industries.
- This statement is incorrect. MSMEs require more capital investment to generate employment opportunities compared to large industries. However, MSMEs still contribute significantly to employment generation and the growth of the Indian economy.
Therefore, the correct answer is option B.
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Consider the following statements about the Micro Small and Medium Enterprises (MSMEs): This sector is the largest employer of human resources in India. It generates more employment opportunities per unit of capital invested compared to large industries.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements about the Micro Small and Medium Enterprises (MSMEs): This sector is the largest employer of human resources in India. It generates more employment opportunities per unit of capital invested compared to large industries.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about the Micro Small and Medium Enterprises (MSMEs): This sector is the largest employer of human resources in India. It generates more employment opportunities per unit of capital invested compared to large industries.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about the Micro Small and Medium Enterprises (MSMEs): This sector is the largest employer of human resources in India. It generates more employment opportunities per unit of capital invested compared to large industries.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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